Sincap: Pullback on profit taking, may be still good to accumulate above support, price 0.064

Did you catch the pullback opportunity this morning?

Sent: Thursday, April 02, 2015 10:08 AM
Subject: ************************* Sincap: Pullback on profit taking, may be still good to accumulate above support, price 0.064

After breaking above the 0.062 consolidation resistance yesterday, Sincap has traded to a high of 0.072 but pulled back on profit taking. Support would be at 0.062 for now which was originally the resistance. At current levels, it has broken above the 20 day MA line which can be a positive. Stop loss at 0.59 for those who would like to accumulate on dips again above support for a further rebound. Resistance at 0.074, 0.080 then 0.085 for now. Let’s see is 0.062 support holds. Stochastic and RSI indicator showing a reversal finally with MACD also indicating a bullish crossover.